Cornerstone Bullion Review
What is Cornerstone Bullion?
Cornerstone Bullion was established as one of the divisions of Cornerstone Capital Investment Inc. The firm was founded in 2008 by Chad Roach. An excellent selection of precious metals is offered by this family-owned business for investment purposes. The company is in compliance with all state and federal requirements and belongs to the Industry Council on Tangible Assets (ICTA). The main focus of the firm is selling precious metals including:
- Palladium bullion
Cornerstone Bullion helps clients rollover IRAs and 401ks to a Precious Metals IRA. Investors can grow and diversify their retirement portfolios. Many of the silver and gold bars and coins have been approved by the Internal Revenue Service for depositing into a Precious Metals IRA. Due to the consistently changing values on the live precious metals market, bullion prices consistently change. Some of the IRA-approved coins most popular among investors include:
- Canadian Gold Maple Leaf
- American Gold Eagle
- Austrian Gold Philharmonic
IMPORTANT – before we get too far in this review, we’d like you to know we’ve vetted quite a few companies in this space.
We know that selecting a company to work with is a major financial decision and something not to take lightly. InvestingInGold.com has put in extensive research spanning many years in order to compile a list of the 5 highest recommended companies for this year.
We urge you to view the links to see where Cornerstone Bullion stacks up against the competition.
The company helps its clients by ensuring they possess a good supply of precious metals and in establishing new IRA accounts through some of the top custodians. Clients are able to select their custodian from several available choices. The firm also assists clients with selecting the best approved depository. The three most popular recommended by Cornerstone Bullion are Idaho Armored Vaults, Delaware Depository Service Company and Dakota Depository.
We approve of the main products offered by the company including silver and gold. Clients interested in purchasing either platinum or palladium products will need to contact the firm regarding availability since these products are not available for purchase through the official website.
Cornerstone Bullion Ratings and Complaints
Cornerstone Bullion ratings and complaints are as follows.
Better Business Bureau: A+ with no complaints during the past three years
BCA: AA with no complaints during the past three years
Google: Five out of five stars
Trustlink: Five out of five stars
Purchasing Precious Metals
Cornerstone has a wide variety of bullion products we appreciate. Anyone interested in purchasing silver, gold, platinum or palladium should be able to find what they want. The website offers a free guide to help clients decide which metal to purchase. The preference of the firm is silver bullion. Once the client determines what to purchase, they simply call Cornerstone Bullion. The representative will let them know the cost of the products they are interested in purchasing.
At this time, the current pricing is locked in for the client. The company does not sell any numismatics. This decision was made because the firm only wanted to offer clients low premiums for valuable products. In many instances, this does not apply to numismatic coins. The company also purchases precious metals even if the individual has not conducted business with the firm in the past. Cornerstone Bullion purchases all precious metals bars and coins excluding scraps and jewelry.
We find the sales process simple. The individual calls Cornerstone Bullion and is provided with a quote for current pricing. If interested, the individual ships the precious metals to the company. Once the shipment has been confirmed, the payment is sent.
Custodian and Storage
The company will work with the custodians of Precious Metals IRAs to help clients purchase and securely store their precious metals. The preferred custodian for the firm is the Entrust Group, but they will work with other custodians as well including Kingdom Trust, New Direction IRA and Goldstar Trust Company. A Precious Metals IRA can be opened to save for retirement simply by contacting one of these custodians. The new account can be funded in several ways including:
- Rolling over a qualifying IRA
- Bank wire
The selected custodian should provide the individual with all of the help necessary to rollover an IRA. Once the process is completed, the investor can then purchase precious metals approved for their IRA from Cornerstone Bullion. The next step is to contact the custodian regarding payment and have the precious metals shipped to a secure vault.
Cornerstone Bullion Founder
The founder and CEO of Cornerstone Bullion is Chad Roach. He has experience regarding different factors of the industry including building insurance companies, real estate investments and prepaid credit. He also takes pride in being a venture capitalist. His resume clearly shows he has a knack for everything related to finance. He knows investors researching precious metals are interested in protecting their wealth from the manipulation of the market and central banks and government’s underhanded tactics.
Shipping and Delivery
As soon as Cornerstone Bullion has received payment and the transaction is confirmed, the firm ships the precious metals within one to three days. The company uses several different shipping carriers and warehouses to make certain they can provide clients with the lowest pricing possible. The majority of packages are shipped through FedEx, UPS or United States priority mail. Every package is shipped fully insured until the client signs for the package upon delivery.
Clients receive a guarantee directly from Cornerstone Bullion that their order will be delivered within three to seven days once the payment has cleared. If any unexpected delay occurs, the client will receive notification from the firm. The company also offers free insurance and shipping for all orders containing a minimum of either 20 ounces of gold or 500 ounces of silver. Cornerstone Bullion emphasizes knowledgeable service and a competitive pricing structure.
All of the associates have received excellent training enabling them to educate clients regarding a wide range of topics about bullion. The company has made a strong commitment to providing clients with excellent customer service. This has helped the firm to attract a large client base while maintaining membership with the U.S. Business Association, the Better Business Bureau and the Industry Council on Tangible Assets.
When a client sells precious metals to the company, they are required to take care of the insurance and shipping. They are also required to ship all packages using USPS.
Products and Pricing
Cornerstone Bullion offers many different types of coins, bullion bars and silver and gold bullion. Several of these are IRS-approved to place in a precious metals IRA. Due to the consistently changing price of bullion on the market, the company provides and locks the price at the time of sale. The company has a lot of options to choose from. Some of the most popular among investors include:
- Canadian Gold Maple Leaf (one oz.)
- American Silver Eagle (one oz.)
- Australian Silver Philharmonic (one oz.)
- American Gold Eagle (one oz.)
- American Platinum Eagle (one oz.)
- Canadian Silver Maple Leaf (one oz.)
- Canadian Palladium Eagle (one oz.)
- South African Gold Kruggerand (one oz.)
- Platinum Maple Leaf (one oz.)
The most popular of the above with investors and approved by the Internal Revenue Service are the Canadian Gold Maple Leaf, Austrian Gold Philharmonic and American Gold Eagle. Once a client subscribes to a Gold IRA, they are assigned to one of the leading custodians. The client then receives assistance in selecting the best precious metals for their IRA. In addition to enabling clients to select the custodian they want among several choices, the company also helps clients to select the ideal depository vault.
Different precious metals are available through Cornerstone Bullion including bars and coins. According to the official company website, all of the following are available for purchase.
No information regarding pricing is provided on the company website due to consistent pricing changes on the market. To determine fees and pricing, the investor must contact the firm. Many bullion products available have been approved for Precious Metals and Gold IRAs. We believe it is important to understand Cornerstone Bullion is not an IRA custodian. The company has established a partnership with several IRA custodians to help clients with their IRA accounts.
The Entrust Group is the recommended custodian of the firm. If a client prefers a different custodian, they can choose any of the following.
- The Kingdom Trust, Co.
- GoldStar Trust Company
- New Direction IRA, Inc.
IRA fees and pricing will vary according to which IRA custodian is selected.
Cornerstone Bullion Purchasing Process
The first step is contacting the firm by phone to inform them the client is interested in purchasing precious metals. A representative will help the investor set up an account and lock their order. Orders can only be placed using the phone and certain information is required for the setup process.
The client can pay for their purchase with a cashier’s check, bank wire, cash or check. In most cases, products ship within one to three days after payment is received and has cleared. The client then receives a tracking number. The order will be delivered by FedEx, UPS or USPS including insurance.
Cornerstone Bullion Selling Process
The first step is to contact the company to let them know the investor has precious metals for sale. The investor will receive a purchase quote. After the price has been agreed on, an account will be established by Cornerstone Bullion. A written trade confirmation is then sent by email. This email must be printed because it will be shipped with the product to the address provided in a USPS envelope or box.
To confirm the shipment, the investor sends Cornerstone Bullion a tracking number or shipment receipt. Within one to two days after the product is received, the firm sends the client a check as payment.
The majority of Precious Metal IRAs include fees to establish the account. The most common fees for storage and purchase generally include:
The typical storage fee is between 0.1 and 0.5 percent of the value of the account. Several factors determine the other fees. These fees can be determined simply by calling the company and asking.
Q: What is Cornerstone Bullion?
A: Cornerstone Bullion is a company founded by Chad Roach in 2010. The company assists investors with early retirement by investing in precious metals. The main office of the company is in Castle Rock, Colorado.
Q: Does Cornerstone Bullion Grade and Certify Their Coins?
A: Yes, all coins and precious metals are graded and certified to ensure both authenticity and quality.
Q: Can Bullion Products be Stored at Home?
A: Although orders can be shipped directly to the client’s home, storage options are not available through the firm. We recommend purchasing a safe for all home storage needs. Clients interested in international storage have options including the Cayman Islands, Switzerland and Canada.
Q: What is the Minimum Investment Required by Cornerstone Bullion?
A: Cornerstone Bullion has an order minimum of $1,500 to start purchasing precious metals. This is the lowest minimum we have found for the precious metals companies we have researched.
We want to conclude this article by stating Cornerstone Bullion is definitely not a scam. This is a legitimate firm with an excellent reputation offering high-quality services and products. The company offers clients a wide range of gold and silver bars and coins. Many of these products have been approved for deposit into a Gold or Precious Metals IRA. Due to the consistently changing value of precious metals on the live market, the final price is determined at the time of purchase.
A few of the most popular coins that have received approval for a Precious Metals IRA include the Austrian Gold Philharmonic, Canadian Gold Maple Leaf and the American Gold Eagle. Cornerstone Bullion helps clients purchase precious metals for an IRA account by providing a choice among several top custodians. The firm also assists clients in selecting an approved depository for secure vault storage.